AUD/JPY: Analysis, Outlook and Forecasts

AUD/JPY (Australian dollar - Japanese yen) outlook and forecast is presented by the team of ForexAbode's analysts and is followed by the traders around the world. The outlook takes into account the various factors which can affect the future price-action of AUD/JPY. The factors to analyze the outlook are geo-political news, fundamentals including major economic releases and technical factors but most importantly we focus on the price-action analysis.

The outlook reflects our views for short-term to mid-term movement. However, sometimes the analysis takes into account the price data which may span many years and have a longer-term view. These are also supported by our very popular chart alerts.

The weekly analysis includes the predictions for the next week's expected moves for the Australian dollar and Japanese yen. However, the forecast is not only limited to the coming week but is applicable for the overall expectations for the near-term to longer-term. Apart from the weekly forecasts we also update AUD/JPY daily technical analysis, which presents our views about the price-action from short-term perspective.

You may also like to check the following resources for trading AUD/JPY:

AUD/JPY Daily and Hourly Charts
AUD/JPY Hourly Chart
AUD/JPY Daily Chart
AUD/JPY Daily Technical Analysis
Current Exchange Rate: 92.44 at the time of analysis update.
Intraday outlook:
AUD/JPY's Latest Analysis (February 11, 2014): The immediate focus is now for further gains but we will stay cautious till a break above 92.69 does not take place.

AUD/JPY had touched the low of 88.24 but recovered strongly to go as high as 91.86 before closing for the week at 91.68.
From the pure price-action perspective the strong recovery may indicate that the pair might already have bottomed up, however the current price action is facing the resistances of 200-day moving average and 55-day EMA.

AUD/JPY tried to recover from 88.45 but the strong upward jump failed at 91.11. The pair then dropped to 88.85 before closing for the week at 89.27.
There is no change in the overall bearish outlook which had strengthened, first after the break below 90.64 and then with the strong break of 90.00 psychological support. 90.64 was the low of the range movement which was in place since the first week of September 2012.

AUD/JPY extended the fall to go as low as 88.54 before closing for the week at 88.91.
The pair had been continuously failing below the psychological level of 95.00 but on the other side had been finding the psychological support of 90.00 to remain in a sideways mode above 90.73, which was the low of this range movement. The strong break of this support confirms the bearish pressure. We expect further declines now.

AUD/JPY recovered after touching the low of 91.04 to touch 93.54 before closing for the week at 93.23.
The pair has been engaged in a very volatile sideways mode for past 15 weeks even if the lows have been getting lower. This has been a classic example of push and pull when both the currencies of the pair have been having the same bearish sentiments.

AUD/JPY tried to break over 94.16 but failed at 94.23 and fell sharply to 91.79 before closing for the week at 92.53.
Again, there is no change in our views and our outlook remains neutral for AUD/JPY. The pair is stuck between the psychological levels of 90.00 and 95.00 for past 14 weeks. During this period it had tried to break over this range only once and that effort had failed at 95.68. The low of this range has been 90.73.

AUD/JPY tried to break below the range which we had indicated during last week to touch 91.78 but found strong support immediately to recover to 93.70, before closing for the week at 93.65.
Again, there is no change in our views and our outlook remains neutral for AUD/JPY. The pair is stuck between the psychological levels of 90.00 and 95.00 for past 13 weeks.

AUD/JPY had moved up to 94.61 after our last update 2 weeks back but then dropped strongly and then went into sideways mode. Last week the pair tried to break below the low of the sideway range i.e. 92.31 by touching 92.24 but recovered again to 93.57 before closing for the week at 92.28.
There is no change in our views and our outlook remains neutral for AUD/JPY. Some more sideways moves may be seen above 92.24 and below 94.16.

AUD/JPY tried to break below 92.34 support but immediately found support 3 pips below it at 92.31 and jumped strongly to go as high as 94.00 before closing for the week at 93.86.
The strong jump suggests that we can see some further gains for AUD/JPY but our short-term outlook still stays neutral for the pair. The current price is very close to 94.16 resistance.

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